Bitcoin will not ban In India : You will use crypto as a payment in google pay | 3speak Crypto Talk

in GEMS2 months ago (edited)

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Welcome to the crypto talk episode. And here i am going to analyse the verified update which is crypto in google pay. It seems users pressuring to everyone.

This news is very positive especially to indian crypto community in this negative time because as you know government published a bill to ban crypto. This is will positively impact to the market. So few hours ago android authority shared a tweet and said "you will use crypto currency as a payment in google pay and smasung pay"

So this is gonna be a epic and it will surely stop goverment to take this step. But let's see what will comeout.

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I heard the news about this update in cryptocurrency and hope that this will bring positive sentiments to crypto situation in India since being one of the technology giant Google can make things better. I think it's too early to decide whether things will be in negative sides or positive side because I feel that these days social media and new channels are talking more about negative side however there is no update from the government. I am not denying the fact that government might be working behind the scene to ban the crypto or even to bring the regulation in place so if anyone says that ban is coming will not be true at all unless there are clear information and this time I do not want to assume anything without going through any specific announcement or documentation. thanks for sharing this wonderful blog with us and sharing about this nice update that Google is going to bring soon.

I am also hoping this actually i mean to say that we can assume that this will change the mindset of goverment regarding crypto because we know google and goverment can't force people to stop using android. Well other side, i can not expect better from this goverment because they did it already by crypto banking ban and still many banks blocking the accounts which is doing crypto related transactions. My friend personally experienced this. But i hope the things will move in positive way as you said. Thank you so much for your quality comment brother .♥

What you said is absolutely correct and at this point of time I see this as a positive moment and hope because Android users are higher and if this option will be made available to them then probably we can expect something good to come in from the government side. I also like your opinion about the current government that they are not going to do anything and you don't expect a lot from them and I totally agree with you with this. I think that there is a lot the explore and figure out that could help the citizens of the country crypto is not a kind of thing which governments is paying more attention and trying to put some restrictions or ban in place so that it will be treated as illegal if it happens . To be honest they have lots more to improve including transport education healthcare and many more and since crypto is giving people the ways to learn and learn at the same time so this should be encouraged more rather than put putting a block on its way .

Crypto can reduce the unemployment of india that's why i am supporting it like crazy. Along with this i am also want better helathcare, education in india but i think employement is the main thing and i think it's an emergency that's why we must give first priority to employement first..

right and hope govt looks at this aspect.. Stay hopeful.

yes bro 🙂

So, Bitcoin payments are possible using google pay in India?

yes soon it will be available on google pay and samsung pay. 😃 They will provide inbuilt crypto wallet in google pay..

I feel that Government won;t allow this, first there has to be a crypto regulation before such things happen, look what happened to Libra that too in a more crypto friendly country like USA.

I can't comment on this, I have to check news, but Government was keen on introducing Digital rupee right?, They have fear that BTC will replace Rupee and people are wanting BTC to hoard against rupee's fall in value too, I think.

However, without regulatory guidelines made clear, no company will be confident in introducing such things here.

Weather we require BTC payment for goods and services?... not sure, unless its proper BTC is according to me not good for payments, because transaction fees are high.

BTW, Pakistan has made crypto currency holding legal and State is using funds to establish Bitcoin mining farms it seems. They said that Pakistan economy is ruined so Government looking to BTC. I have that decrypt article somewhere.

My concern is - harassment of Indian crypto hodlers, and they will surely impose lot of tax since this Govt. is fearful of crypto although they want Blockchain technology.

Let's see... atleast Government is looking to finanlise a stance on crypto. They can't deny that many crypto exchanges are already here, providing employment and Wazirx has collaborated I heard with funding blockchain technology startups and all ever since last year where that ban was removed on crypto.

Plus,,, Matic that layer 2 solution is a Indian Blockchain company right...its kind off too late to ban crypto for India.

But I am not sure this Government won't ban crypto despite all that...but lets see.

I feel that Government won;t allow this, first there has to be a crypto regulation before such things happen, look what happened to Libra that too in a more crypto friendly country like USA.

I am agree with this and Libra is the best example of it. However, still i have little hope because they are going to provide inbuilt wallet in google pay and you can see the userbase of android so there is a hope.

I can't comment on this, I have to check news, but Government was keen on introducing Digital rupee right?, They have fear that BTC will replace Rupee and people are wanting BTC to hoard against rupee's fall in value too, I think.

Crypto is a technology so sooner or later they must have to accpet it because they can't save themselves from crypto Because There is no way to do it.

BTW, Pakistan has made crypto currency holding legal and State is using funds to establish Bitcoin mining farms it seems. They said that Pakistan economy is ruined so Government looking to BTC. I have that decrypt article somewhere.

I don't know about it But as far as i know crypto is banned in pakistan. I am not sure about it so may be this is true that you said.

My concern is - harassment of Indian crypto hodlers, and they will surely impose lot of tax since this Govt. is fearful of crypto although they want Blockchain technology.

They want blockchain technology but they don't like the decentralization in crypto

But I am not sure this Government won't ban crypto despite all that...but lets see.

I am hoping for the best. I like the example of LIBRA that you given. Actually, LIBRA wanted launch own currency that's why not only india but many countries opposed it. But there is a different situation in google pay case.

Thanks for your lovely and valuable comment.

इंडियन सरकार को क्रिप्टो के बारे में जानकारी ही नहीं हे और यह सरकार को और दूसरा कुछ आता भी नहीं हे इस लिए वो क्रिप्टो को बन करने लगी हे। india के लावा दूसरे देशो में क्रिप्टो चल रही हे। और क्रिप्टो गूगल पर अजायगी तो यह खबर बोहत अछि हे।

ha wahi to me kehna chahata hu . aapka bahut bahut dhanywaad is issue par apni raay rakhne ke liye..

it is good news that bitcoin is not banning , and more more crypto will be legal soon in all world

That is not confirmed but i have a hope on this news. ☺

As India is doing such kind of Creative and hopefully the Never country like Bangladesh will work on the same way. thank you very much for your valuable Information sharing

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i hope so thanks for the comment bro